Score
0Nashville, TN
816 Crescent Hill Rd
495K
3 beds
2 baths
1,217 sqft
3 bd • 2 ba • 1,217 sf
This analysis was generated on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$495,000
Price/Sq.Ft
$407
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This property at 816 Crescent Hill Rd offers a competitive price point at $406.74/sqft, which is 13.5% below the Nashville average of $470/sqft for similar homes. The 3-bedroom, 2-bathroom layout in 1,217 sqft provides efficient use of space, ideal for small families or as an investment property. Located in the desirable 37206 zip code, it's part of East Nashville, known for its vibrant community and proximity to downtown (approximately 3 miles). The front porch adds charm and usable outdoor space, enhancing the property's curb appeal. Recent comps suggest the area has seen approximately 5-7% annual appreciation over the past 3 years, outperforming the broader Nashville market average of 4.5%.
The Bad
The property's age is unknown, which raises concerns about potential hidden maintenance issues and outdated systems. No specific features or recent upgrades are listed, suggesting possible need for modernization. At 1,217 sqft, it's about 15% smaller than the average 3-bedroom home in Nashville (typically around 1,400-1,500 sqft). The lack of a garage may be a drawback for some buyers, potentially impacting resale value. Property taxes in Davidson County are relatively high, estimated at around $3,500-$4,000 annually for a home of this value, which should be factored into the total cost of ownership.
The Ugly
The absence of detailed property information is concerning, particularly regarding the year built and any recent renovations or system upgrades. This lack of transparency could indicate significant deferred maintenance or outdated major systems (HVAC, roof, plumbing, electrical) that may require substantial investment in the near future. Given Nashville's rapid growth and gentrification, especially in East Nashville, there's a risk of over-improvement relative to neighborhood comps, potentially limiting future appreciation. The property's location on Crescent Hill Road may expose it to higher traffic noise, which could affect quality of life and resale value. Additionally, with Nashville's known flooding issues, the flood risk for this specific property needs to be carefully assessed, as flood insurance could significantly increase the total cost of ownership if required.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for first-time homebuyers or investors looking for an entry point into the Nashville market. With a median income of $72,446 in the area, it's accessible to households earning around $100,000-$120,000 annually (based on a 28% front-end DTI ratio). It's ideal for young professionals or small families prioritizing location over space, who value the vibrant East Nashville community and proximity to downtown amenities. Investors could expect a potential gross rental yield of around 7-8% based on the local three-bedroom rental rate of $1,758/month, making it attractive for long-term buy-and-hold strategies.
Not For
This property is not suitable for larger families needing more than 3 bedrooms or over 1,500 sqft of living space. It's also not ideal for buyers seeking a move-in ready, fully updated home with modern amenities, as the lack of listed features suggests potential need for upgrades. Luxury buyers or those requiring high-end finishes would likely find the property lacking. Additionally, it may not be appropriate for individuals with mobility issues, as the presence of a second floor (indicated by the dormer window) suggests stairs, and there's no mention of accessibility features.
Demographics
Area Median Income
$72,446
Property History
Price History
Ownership Timeline
$495,000Financed
Apr 21, 2023Khalil Davis, Whitney H DavisSydney Michelle Parsley
Warranty Deed
Standard Sale (Purchase/Resales)
$225,000Financed
Nov 15, 2013Cortney Swift Purser Rockhill, Jason Scott RockhillWhitney H Davis, Khalil Davis
Warranty Deed
Standard Sale (Purchase/Resales)
$193,000Financed
Apr 30, 2007Christopher A Mcdavid, Sarah McdavidCortney Swift Purser, Jason Scott Rockhill
Warranty Deed
Standard Sale (Purchase/Resales)
$128,000Cash Purchase
Mar 30, 2004Rosebank Meadows Subdivision LlcChristopher A Mcdavid
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
4.0/10
AverageHigh
2.0/10
Below AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,218
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$495,000
Price/sqft
$407
Layout
3 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$537,417
7.9%
Your price is 7.9% below average
Median Price
$500,000
1.0%
Based on 6 recent sales
Price per Sq.Ft
$475
14.4%
Your price is 14.4% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 955 Dalebrook Ln, Nashville, TN 37206 | $500,000 | 1,134 | 3 | 2 | $4418.4% | 11/12/2024 |
| 2616 Pennington Ave, Nashville, TN 37216 | $500,000 | 1,000 | 3 | 2 | $50022.9% | 12/2/2024 |
| 1919 Russell St, Nashville, TN 37206 | $675,500 | 1,064 | 2 | 2 | $63556.1% | 11/8/2024 |
| 2609 Colbert Dr, Nashville, TN 37206 | $400,000 | 1,106 | 3 | 2 | $36211.1% | 10/18/2024 |
| 207 Fall St, Nashville, TN 37206 | $650,000 | 1,287 | 2 | 2 | $50524.2% | 9/18/2024 |
| 1401 Harwood Dr, Nashville, TN 37206 | $499,000 | 1,221 | 3 | 2 | $4090.5% | 8/22/2024 |
955 Dalebrook Ln, Nashville, TN 37206
Price: $500,000
Sq.Ft: 1,134
Beds/Baths: 3/2
$/Sq.Ft:
$4418.4%
Sale Date: 11/12/2024
2616 Pennington Ave, Nashville, TN 37216
Price: $500,000
Sq.Ft: 1,000
Beds/Baths: 3/2
$/Sq.Ft:
$50022.9%
Sale Date: 12/2/2024
1919 Russell St, Nashville, TN 37206
Price: $675,500
Sq.Ft: 1,064
Beds/Baths: 2/2
$/Sq.Ft:
$63556.1%
Sale Date: 11/8/2024
2609 Colbert Dr, Nashville, TN 37206
Price: $400,000
Sq.Ft: 1,106
Beds/Baths: 3/2
$/Sq.Ft:
$36211.1%
Sale Date: 10/18/2024
207 Fall St, Nashville, TN 37206
Price: $650,000
Sq.Ft: 1,287
Beds/Baths: 2/2
$/Sq.Ft:
$50524.2%
Sale Date: 9/18/2024
1401 Harwood Dr, Nashville, TN 37206
Price: $499,000
Sq.Ft: 1,221
Beds/Baths: 3/2
$/Sq.Ft:
$4090.5%
Sale Date: 8/22/2024
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